The European Union has adjusted its regulations concerning the sale of new petrol and diesel vehicles by 2035.
Previously, regulations stipulated that all new vehicles sold from that date must be "zero emission." Carmakers, particularly those based in Germany, advocated for modifications to these requirements.
The European Commission's revised proposal mandates that 90% of new cars sold from 2035 must be zero-emission, a change from the previous 100% target.
The European carmakers association (ACEA) stated that current market demand for electric vehicles is insufficient. ACEA indicated that, without regulatory adjustments, manufacturers would face potential "multi-billion euro" penalties.